Post Tagged with: "Permian Basin"

Oil Export Growth Continuing at South Texas Corpus Port Despite Covid-19

Oil Export Growth Continuing at South Texas Corpus Port Despite Covid-19

Natural Gas


Crude exports from the Port of Corpus Christi in South Texas are continuing to boom even amidst the coronavirus pandemic, and projects and enhancements appear poised to solidify its dominance along the Gulf Coast.

Record tonnage was moved …

June 17, 2020 - 7:39 pm Crude Oil News, Fracing, LNG, Natural Gas News
Source: Houston Chronicle

Record 5.0-magnitude earthquake hits near Permian Basin town

Houston Chronicle


A record-setting 5.0-magnitude earthquake hit near the Permian Basin town of Orla, Texas, on Thursday morning.

U.S. Geological Survey officials say the quake occurred at 10:16 a.m. about 16 miles southwest of Orla in a rural area off …

Permian operators slash 2020 plans as oil market craters

Permian operators slash 2020 plans as oil market craters

Enverus

Oil & Gas 360 Publishers Note: This blog from Erin Faulkner at Enverus is an excellent summary of the  top operators in the Permian and their financial updates. Enverus has over 1,700 employees and has customers in over 50

A liquefied natural gas export facility under construction near Quintana, Texas in 2018.
TRAVIS BUBENIK / COURTHOUSE NEWS SERVICE

Judge allows contested pipeline to proceed through central Texas

Court House News Service


The 430-mile, $2 billion project would carry natural gas from a transport hub in the booming West Texas oil patch to hungry markets on the Gulf Coast

Construction on a hotly contested natural gas pipeline through …

Altus Midstream first to implement new Honeywell UOP technology

Altus Midstream first to implement new Honeywell UOP technology

Hydrocarbon Engineering

Oil & Gas Publishers Note: We are seeing that investors are demanding returns in months rather than years. The proper use of technology in the Energy, Oil and Gas, Renewable markets is critical in lowering CapEx.

Honeywell has

Seeking Shale Play Minerals & Royalties

Seeking Shale Play Minerals & Royalties

The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. EnerCom Inc. is not a brokerage firm and does not endorse or

Permian Basin Chapter 11 Sale

Permian Basin Chapter 11 Sale

The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. EnerCom Inc. is not a brokerage firm and does not endorse or

Source: Houston Chronicle

Permian drilling must pick up just to maintain current production: Report

Houston Chronicle


Drilling activity in the booming Permian Basin must accelerate just in order to maintain current production volumes, according to a new report from the research firm IHS Markit.

The Permian’s oil output has risen rapidly in recent years …

December 12, 2019 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Permian drilling must pick up just to maintain current production.

Permian drilling must pick up just to maintain current production.

Chron –


In 2019, Permian production started the year at 3.8 million barrels per day, a million barrels higher than 2018.

Drilling activity in the booming Permian Basin must accelerate just in order to maintain current production volumes, according to …

December 12, 2019 - 9:19 am Closing Bell Story‎, Energy News, Popular 3
Photo: Brittany Sowacke / Bloomberg

Wildcatter billionaire not giving up Permian Basin without a fight

Houston Chronicle


The drilling permits speak for themselves.

Wildcatter billionaire Autry Stephens is not ceding control of the Permian Basin to the oil majors without a fight.

Over the past week, the Midland billionaire’s oil company Endeavor Energy Resources filed …

Source: pxd.com

Top shale CEO says OPEC shouldn’t worry about U.S. oil growth

Source: Reuters


HOUSTON (Reuters) – Pioneer Natural Resources Chief Executive Scott Sheffield said on Tuesday that he expects the Permian Basin, the top U.S. shale field, to “slow down significantly over the next several years.”

“I don’t think OPEC has …

Drilling ban proposals divide Democrats in U.S. oil states

Drilling ban proposals divide Democrats in U.S. oil states

Source: Reuters


CARLSBAD, New Mexico (Reuters) – In the southeast corner of New Mexico, new houses, hotels and jobs are sprouting like flowers in the desert. Trucks hauling equipment and laborers jam once-barren highways on the way to thousands of …

Mike Wirth, chairman and chief executive officer of Chevron Corp., speaks during the 2019 CERAWeek by IHS Markit conference in Houston, Texas, U.S., on Tuesday, March 12, 2019. The program provides comprehensive insight into the global and regional energy future by addressing key issues from markets and geopolitics to technology, project costs, energy and the environment, finance, operational excellence and cyber risks. Photographer: F. Carter Smith/Bloomberg

Chevron CEO touts Texas growth, urges industry improvements on emissions

Source: Houston Chronicle


The CEO of Chevron touted the company’s Texas growth – from the Permian Basin to Houston refining and chemicals – and urged the energy sector to take the lead on emissions reductions to help combat climate change.…

Source: Solaris Water Midstream

H2O Midstream Acquires Sabalo Energy Assets, Closes 15-Year Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360

H2O Midstream purchases produced water infrastructure from Sabalo Energy and executes a 15-year acreage dedication
H2O Midstream LLC, a water infrastructure company based in Houston, has acquired produced water infrastructure from

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

From The Houston Chronicle


The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring.

U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in …

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

From Reuters


In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.

School officials had expected …

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

From Reuters


Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an …

August 20, 2019 - 6:01 am Closing Bell Story‎, Crude Oil News, Energy News, Midstream
Source: EPIC Midstream

EPIC Pipeline Makes First Crude Delivery to Corpus Christi

By Tyler Losier, Energy Reporter, Oil & Gas 360

EPIC Y-Grade pipeline begins delivering crude to various terminals in Corpus Christi and Ingleside, Texas
EPIC Midstream LLC, through EPIC Crude Holdings LP, has begun interim crude service on its 24”

Source: TOPS/LinkedIn

Black Bay Energy Capital Backs Permian-Based Oilfield Services Company

By Tyler Losier, Energy Reporter, Oil & Gas 360

Black Bay Energy Capital forms partnership with Total Operations and Production Services
Black Bay Energy Capital, a private equity firm focused primarily on the oilfield services and equipment sector, has formed

Source: Occidental Petroleum

Oxy Lowers Production Guidance on Legacy Anadarko Assets

From The Houston Chronicle


With Occidental Petroleum finalizing its $38 billion acquisition of Anadarko Petroleum last week, Oxy is now lowering its oil and gas production guidance for the legacy Anadarko assets.

For the rest of this year, Oxy said …

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

From Reuters


U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …

Audio: Interview with Texas Standard Oil President Tim Roberson – an Oil & Gas 360 Exclusive

Audio: Interview with Texas Standard Oil President Tim Roberson – an Oil & Gas 360 Exclusive

By Tyler Losier, Energy Reporter, Oil & Gas 360


Texas Standard Oil LLC

Texas Standard Oil LLC is a private Midland, Texas-based oil company focused on acquiring oil and gas leaseholds in the Wolfcamp shale play of the Permian Basin. …

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

From The Houston Chronicle


Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August.

Houston-based Oxy …

rig

New $165 Million Joint Venture in the Permian Basin

Development Capital Resources Announces $165 Million Development Joint Venture in the Permian Basin

June 19, 2019 - 6:45 am Closing Bell Story‎, Press Releases, Private Equity
Permian Basin: PEDEVCO Bolts On Acres, Updates New San Andres Horizontals

Permian Basin: PEDEVCO Bolts On Acres, Updates New San Andres Horizontals

PEDEVCO Announces Acquisition of Additional Producing Acreage in the Permian Basin and Updates on New Horizontal San Andres Wells

Source: Federal Reserve Bank of Dallas

Dallas Fed: Oil Companies Need $50 per Barrel to Break Even

Average breakeven fell 4% over the past year
With the price of oil in a pretty constant state of volatility as of late, the breakeven point for crude is an important number to keep in mind.

According to the Federal

Source: WhiteWater Midstream

Whistler Pipeline Project Reaches FID

Multifaceted partnership will proceed with design and construction
A partnership involving several midstream companies and private equity firms has reached a final investment decision for the Whistler pipeline project, expected to run 475 miles and transport approximately 2 billion cubic

How a Sleepy Texas Trust Turned into a Permian Oil Proxy War

How a Sleepy Texas Trust Turned into a Permian Oil Proxy War

The Texas Pacific Land Trust, which was formed in the late 19th century to hold and manage millions of acres, has become the focal point of what is arguably the fiercest shareholder battle in the energy sector

From the Houston

May 23, 2019 - 6:26 am Closing Bell Story‎, Energy News, Law
Two New Mexico Counties Among Nation’s Top Oil Producers

Two New Mexico Counties Among Nation’s Top Oil Producers

From THE ASSOCIATED PRESS

HOBBS, N.M.—Two New Mexico counties remain among the top oil-producing counties in the U.S., according to new federal numbers.

Data from the U.S. Energy Information Administration shows that Lea County was the No. 2 oil-producing county …

May 20, 2019 - 5:08 pm Closing Bell Story‎, Energy News
KKR, WildHorse Resource’s Graham Dive into “Multi-Billion Dollar Investment Partnership” with Spur Energy Partners

KKR, WildHorse Resource’s Graham Dive into “Multi-Billion Dollar Investment Partnership” with Spur Energy Partners

Spur, KKR start with Permian Northwest Shelf acquisition
Looks like a new muscle car is pulling into the Permian Basin. And it's powered by a full tank of high octane gas.

Spur Energy Partners LLC, led by co-founder and former